Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Large Volume Increase – Still a Buy?

Posted by Darlene League on Mar 31st, 2025

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) shares saw strong trading volume on Monday . 55,054,508 shares traded hands during mid-day trading, a decline of 18% from the previous session’s volume of 67,401,957 shares.The stock last traded at $8.96 and had previously closed at $9.85.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The stock has a 50-day simple moving average of $16.98 and a 200 day simple moving average of $18.91. The company has a market cap of $4.01 billion, a P/E ratio of 47.43 and a beta of 2.63.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.0845 per share. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.34 annualized dividend and a dividend yield of 3.66%.

Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in TSLL. Simplify Asset Management Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at $5,014,000. SG Americas Securities LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at about $916,000. Sloy Dahl & Holst LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth $2,352,000. JPMorgan Chase & Co. increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 248.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,598 shares of the company’s stock valued at $2,192,000 after purchasing an additional 113,068 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $5,752,000.